This exceptional 7,035-square-foot medical office building presents a compelling investment opportunity in Surprise, Arizona. Located at 11327 W Bell Rd, zip code 85378, this multi-tenant property boasts three tenants, generating current income. Constructed in 2001, the building is situated on a C-2 zoned lot in Maricopa County and offers ample parking with a 4:1,000 ratio. One building is currently vacant, providing an owner-user opportunity or potential for increased rental income. The property features prominent monument signage, enhancing visibility and accessibility. The asking price is $1,995,000. This well-maintained building offers a strong return on investment for both owner-users and investors seeking a stable, income-producing asset in a thriving Arizona market. The property's strategic location and medical office designation make it an attractive option for healthcare professionals and investors alike. The building's size and layout are ideal for a variety of medical practices, offering flexibility and adaptability to meet diverse needs. The existing tenant base provides a solid foundation for future growth and profitability.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$1,714,670
6.5%
$1,582,770
7%
$1,469,710
Comparable approach
Method
Valuation
Relative Method
$973,457
Geo Method
$973,457
Alternative Use
Use
Valuation
Industrial / Distribution
$3,068,690
Retail / Commercial
$1,582,890
Mixed-Use / Specialty
$1,584,560
Hospitality / Lodging
$1,172,070
Office
$1,582,770
Institutional / Educational
$1,649,920
Residential Income
$1,930,410
Multifamily
$2,274,670
Automotive / Energy
$1,414,220
Parking / Income-Based Land
$480,802
Restaurant / Food Service
$839,755
Healthcare / Senior Housing
$1,617,440
Location Insight
City
Surprise
County
Maricopa
State
Arizona
Latitude
33.6379
Longitude
-112.304
CBSA code
38060
CBSA name
PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
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Bell Rd Surprise, AZ 85378
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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